Foreign currency reserves dwindled 0.62 billion U.S. dollars from a month earlier to 412.21 billion dollars at the end of June, continuing to slide since April, according to the Bank of Korea (BOK).
The consecutive reduction came as the strong dollar lowered the conversion value of non-dollar assets that offset higher foreign currency deposits among financial institutions.
It was also attributable to the central bank's FX swap deal with the National Pension Service and the repayment of the matured foreign exchange stabilization bonds.
South Korea ranked as the world's ninth-largest holder of foreign reserves at the end of May, unchanged from the previous month.
Latest comments